Developers Diversified Realty Corp., in a regulatory filing, disclosed that it has not yet completed its December 31, 2009 financial statements. The Company currently expects December quarter net loss applicable to common shareholders in the range of $92 million to $88 million or $0.47 to $0.45 per share.
Negative Funds from operations, or FFO, applicable to common stockholders is currently estimated to be in the range of $30 million to $26 million or $0.15 to $0.13 per share. The company said it currently estimates to report operating FFO to be in the range of $61 million to $64 million or $0.30 to $0.32 per share.
For the full-year, the company said it expects loss applicable to common shareholders to be $401 million to $396 million or $2.52 to $2.49 per share range. The company still expects full-year negative FFO in the range of $0.92 to $0.89 per share, and Operating FFO to be in $1.83 to $1.85 per share range.
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